Complete Story
 

11/06/2017

ACEC Ohio weighs in on Tax Reform

Letters sent to Ohio Congressional Members on House Ways and Means Committee

The House Ways and Means Committee has just released a tax reform plan that could actually raise taxes for engineering firms organized as passthrough businesses, including S corporations, partnerships, and LLCs. ACEC member firms are asked to contact their Representatives today to express their concerns about the plan. See ACEC Ohio Letters here.

ACEC has emphasized to Congress that a reformed tax system needs to treat all businesses fairly and equitably, and supports provisions in the bill that lower the top corporate tax rate to 20 percent, and create a new 25 percent rate for passthrough businesses (such as S corporations, partnerships, and LLCs). However, engineering firms organized as passthroughs—which represent the majority of the industry— are excluded from the 25 percent passthrough rate.

ACEC is asking you to let your U.S. Congressional Representative know that all engineering firms should be eligible for lower tax rates, see Tax Reform Letter Template here.

 

 

Printer-Friendly Version


Advancing the Business of Engineering